Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Seng Heng Bank: History and Acquisition by Industrial and Commercial Bank of China

Seng Heng Bank: History and Acquisition by Industrial and Commercial Bank of China

Huen, Patrick W. M.
Chen, Jean Jinghan
Liu, Ming-Hua

Hardcover

AccountingEconomicsInvesting & Finance

ISBN10: 9811603979
ISBN13: 9789811603976
Publisher: Palgrave MacMillan
Published: Apr 8 2021
Pages: 106
Weight: 0.67
Height: 0.38 Width: 5.83 Depth: 8.27
Language: English
This book examines the success story of Seng Heng Bank (SHB), the successful acquisition of SHB by Industrial and Commercial Bank of China (ICBC), and the continuing sound management and performance of ICBC (Macau). It shows how a loss-making small bank grew into one of the best banks in Macao and highlights the achievement, awards, and recognition of SHB. The authors detail the SHB acquisition process by ICBC, the biggest bank in the world in terms of total assets. They identify the main contributing factors for the success of SHB and draw conclusions and implications for bank managers in the region and beyond. This book will be of interest to finance professionals and business scholars.

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